Buying interest boosts FBM KLCI to one week high
KUALA LUMPUR: Last-minute buying interest pushed the FBM KLCI sharply higher on Thursday as investors’ sentiment improved following the lower-than-expected US inflation data.
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KUALA LUMPUR: Last-minute buying interest pushed the FBM KLCI sharply higher on Thursday as investors’ sentiment improved following the lower-than-expected US inflation data.
PETALING JAYA: Sentiment on Bursa Malaysia was lifted as inflation in the United States slipped from a 40-year peak, offering the US Federal Reserve (Fed) some room to slow down its pace of interest rate hikes.
KUALA LUMPUR: The FBM KLCI fell below the crucial 1,500 level on Monday as investors stayed on the sidelines ahead of the gross domestic product (GDP) data this week.
KUALA LUMPUR: Surging oil prices, which have lifted the energy index by 3.06% saw the FBM KLCI ending at a one-week high on Tuesday.
KUALA LUMPUR: The FBM KLCI rebounded 0.28% on Wednesday after four consecutive sessions of losses, but the broader market remained weak with almost 600 counters in the red.